New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-10
CLOSING PRICES OF BOSTON STOCdS
Bosroy. Junc 0. 1897.
TnURsDAY, June Or. VI.

THURSDAY, June ~ W.
The cause of the depressed condition OF the London
market for American railways, aside from the inahipua
ton Of rates for carrying to the now account ana
the reflection in our market OF that depression Is re-
vcalcd by special cable dispatch from London TO tile
following effect;
Americans have been depressed by bad news from
New York and Chicago. As there has been no " oau
ncvs either in New York Chicago to send TO London
or anywhere else the character and contents OF the
cable dspatch received aud circulated at London stock
Exchange which contained bad news, are so transpa-
rent as to require comment The character OF sch
dispatches and yesterdays report of Mr. Gouds sickness
al Fortress Monroe while his family had proceeded on 10
Washington only to illustrate the desperate Straits
10 which the present great leaders of the stock mar
kct are reduced A skilled prevarcaton never would
have left Mr. Gould behind seriously i'll at Fortress Mon
roe and sent his family on to Washington But II tere
is any one quality in which the present LEADERS OF 'he
stock Exchange have developed their deficiency IL is
that of skfuness The Street never witnessed moro
shallow pretcx for influencing the general speculation
ban WAS that now notorious New York and New England
episode which included unofficial report OF the re-
suits OF twilight survey of the property by minority
of the companys Executive Committee In the recent
the Erie have been conspicuous leaders,
probably because their London vaue could be more
easily affected by bad reports from NcwYork and Chit
cago" than could be those of some other properties
Erie second IS we're sold down to lo0 despite the almost
assured fact that the company FOR the current year VIII
earn surplus OF nearly 100000 over its first charges
and the stock was well down to 81 despite the knpwI-
edge of every person who has examined the matter
that the cOmpanys reports still carry o'd"7
per cent OF operating expenses, Instead Oh
about 60 per cent, because OF expenditures
under operating expenses made necessary by the de
lcences OF past management Tho period for the ne
ce,sity of these extraordinary expenditures Is last ap
preaching an end difference OF per cent IN tho ope
rating expenses Will make difference OF %lio'oJo IN
the Trie's net earnings. The "short Interest in poh
Erie stock and IT, second Gs has been considerably aug
mcltcd by the last few days dealings.
Tolay's stock market duh the transactions Only
amounted 10 GS 3Gi shares Prices were Irregular Dht
they ranged higher than yesterdays figures whenever
support Was found lacking values were ATTACKED 10 ana
the cover NJ of shorts in other stocks For in lance,
Chicago and Southwestern was dGl and II wa' sold Gown
from 12G- TO 1867 facilitate the buying OF e Pau! al
9lu9lla which yesterday sold al 81 "o'2'
-, PAU and Duiuth crrauc because 81 a
variety Of opinions about a forthcoming dividend, am
Therefore its movements apart from those ol Tie
general market and without influence; the stock rose
from solo To = and closed at 1ii WITH the limited
amount " business the general market made e"'b ec"-
eres from Yesterdays declines, and closed sIonS'
Government bonds quiet ANA steady at un, hanged